THE MAN BANKS FEAR THE MOST: Wall Street’s gone largely unpunished for its role in wrecking the economy—until New York Attorney General Eric Schneiderman came along, according to The American Prospect.
“Eric took the risk of working with the administration,” says an attorney close to him, “because this was the only path that led to the public getting relief from the crisis. This is what you want from a political leader. A ‘pure’ political leader who stands outside the process isn’t very helpful. A political leader who just goes along isn’t helpful either. But to do what Eric did means you have to take an enormous risk. If he fails, if the investigation doesn’t become real, he will have to choose between denouncing the president in an election year or becoming party to something he spent a year denouncing.”
